Corporate Trustee vs CIO

[Caroline Serjeant]

We are a small unincorporated charity (8 almshouses, other property assets, equity/capital investments, cash) looking to move to a corporate structure for all the usual reasons, and primarily to be able to limit trustee liability for current trustees plus so that we can attract trustees in the future.

Has anyone gone down the Corporate Trustee route? We were about to go down the CIO route, which I think is the more usual route in recent times, but it has now been suggested that the Corporate Trustee route might be simpler and achieve the same objective.

Does anyone have experience/a view on this?

Thanks

Caroline

[lana_sh]

Hello, Caroline,

As a Corporate Trustee, it’s important to take into account the level of reporting required to both the Charity Commission and Companies House. A CIO is often viewed as one of the most practical legal structures, as it offers limited liability protection for trustees and only requires reporting to the Charity Commission.

I hope this helps.

Kind Regards,
Lana

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